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FOX Business
Oct 18, 2012 3:00pm EDT
and bottom line. the stock is still halted. but what has spooked investors on this is the motorola mobility cut there. it was much bigger than expected loss which hadn't been telegraphed to the street. you are supposed to let the street know and warn that things aren't going to be as good, but on top of that, the losses are the first ever year over year decline in adjusted earnings for google since it went public, and that was back in 2004. so again, the numbers are out. the word is that the form, which is called an -- [inaudible] -- if you will forgive me for looking at my computer. it has been filed with the sec. the numbers are the same. google ceo larry page is making comments right now. let me tell you, he says quote revenue was up 45% year on year, and at just 14 years old for the company, quote, we cleared our first 14 billion revenue quarter. putting a positive spin on this, and i don't mean to use the word spin in any negative or positive way, but again the issue was with motorola mobility, and the stock, basically what you saw there was a 527 million loss from the motorola mobilit
FOX Business
Oct 18, 2012 4:00pm EDT
questions about motorola's revenue and misses with motorola and was it wise for google to take on a hardware company. you will have a lot of questions about google's revenue picture on ad advertizing and what is happening but get more clicks but make less money per click going forward. liz: the call is beginning but just the preamble where they put in a bunch of legal mumbo-jumbo. they announce larry page will be on the call. if we anticipate what analysts will ask, it will be how can you not telegraph there were bigger problems than the street was expecting from motorola mobility? they acquired that company as a patent mine. they thought they would mine the patents and get hardware for a phone, is that right, adam. >> that's right. there will be a lot of questions about motorola. at the end of the day google has gotten into a huge fight with apple because of their plans regarding android operating system and their movement into mobile delivery devices. they see it as their future. there is pain right now. pcs will in the ever go away but pcs are getting behind us. pcs are the past. google h
FOX Business
Oct 18, 2012 11:00am EDT
, nicole, for motorola. as we get details, whether we wanted them or not, and i don't think the company wanted us to have them, but here we go, nicole. >> that's right. they have motorola under their umbrella. chatting with jason, and we talked about the revenue, a half billion missed. i said it seems like a lot, and jason, you don't feel like it is a miss? >> i'm not an amist, it's a big number, and it's not a rounding error, but the company is a power house, and i want to take people back to when the company announced steve jobs is leaving, and look at how the investment community reacted to that adversely, and the stock dropped like a rock. look where it is today. it should be taken with a grain of salt, and until people listen to the conference call to understand what's behind the numbers, they shouldn't jump to conclusions. p dennis: guys, you talk tech stocks, but the other side, they missed 4% on revenue, missed by 15% from expectations on earnings, and cheryl may just really put it right when she said look at motorola mobility. google's results included, and that business is los
FOX Business
Oct 18, 2012 1:00pm EDT
of motorola mobility. at the end of the day, third quarter income down 20%, and their share price, while up over the last three months, 18%, it's halted today, and we saw the plunge when the report came out pending, a line in the filing that says pending a statement, a quote from mr. paige. we'll have the conference call at 4:30, but perhaps some kind of statement from google within the next few minutes before trading can start again. >> all right, adam, thank you. bringing in an analyst to get take on things, ken marlin of marlin associates. address the issue of the midday report. what do you think of it? was it on purpose? >> i have no idea. i certainly saw the announcement pending a quote from larry paige. it certainly suggests that the report was not ready for prime time, but i think we're going to have to wait and see what he says. >> at the end of the day, doesn't change the fact it was a big miss. what do you think of that? where do you see the problems coming in? >> you know, such are the trials and try bylations of being a public company which is what google bought when it decided
FOX Business
Oct 12, 2012 4:00pm EDT
. >>> google is set to become the latest defendant in microsoft's german patent suit against motorola mobility. microsoft alleges that a mapping feature on the search engines motorola phones inprescriptions on one of its own patents. google purchased moat role mobility earlier this year. many companies settled with microsoft in the u.s. and germany over a range of patent issues. >>> genworth financial is reportedly planning to sell two of its businesses including its wealth management unit in an effort to raise capital. that is according to reuters. they have more than $20 billion in assets under management. that's the latest from the fox business network, giving you the power to prosper. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me whatd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. ur money needs an ally. liz: we wanted to show you oil prices because they declined as much as 1% t
FOX Business
Oct 18, 2012 5:00pm EDT
google, this is company despite hits they're taking on motorola, moving out of its realm of advertised based revenue generator at your computer and at your pc and they talked about this a few statements from larry page. incredibly excited about the opportunities ahead. that is a no-brainer. you expect him to say that but great products that are defining the future. he is talking about the nexus 7 and tablet they hope will give real headaches to apple but they also talked about, and this was a figure, you can mess with a run rate but he talked about an $8 million mobile run rate last year -- 8 billion. only included revenue from mobile ads but revenue from google play content and consumer spending across the applications you can get at google. this is where they're putting their future. to put it into contextings facebook is saying they're trying to figure out how to monetize mobile devices. google putting a strategy that is painful, you see it in the numbers but if you're an investor this is kind of thing that might pay off down the road. melissa: i want to ask you about larry page bec
FOX Business
Oct 31, 2012 3:00pm EDT
of these companies. he's worked close with clorox, motorola who was then sold to google. they look as a takeover target, maybe by microsoft. what's carl really thinking for netflix when he steps in putting the huge stake out there there's a big pop indeed. back to you. liz: thank you very much. the best late plans, okay, charlie and i were just starting to talk about, well, hey, move to fresno. after 9/11, a lot moved operations to new jersey. guess what? new jersey lost power as you know. the story of the banks, even with the stock exchange shut down, moving oaring'ses to jersey city, still managed to weather the storm and stay open for business when they had to shut down the jersey city operations. the north american corporate banking ceo joining me now. charlie was saying, wait, the french kicked our -- well, the word for tuckus you know. >> thank you for hosting me, and, by the way, before being here, i was in act can with the head of fixed income and equities, and we are fully operational. liz: where though? you had back office operations in jersey city. that lost power and moved them where
FOX Business
Oct 25, 2012 1:00pm EDT
on the fox business network greg brown, chairman and ceo of motorola solutions. thank you so much for your time this afternoon. one of the key problems, your plan, let me point out, hopefully we have your connection, one of the key problems is your problem is based on a plan that aims to cut $4 trillion off of the deficit but you have congressional gridlock. how do you overcome that? >> at the end of the day let's get past the election. both candidates have a distant point of view on this but once we get past the election of the reason all of the ceos unified around this issue is we are out of time. there's no messing around this issue. it will take a compromise and common ground and the balance between tax revenue and spending reductions and a lot of people know that so once we get the election behind us and eliminate the rhetoric and political calculus in time to get down to doing business and getting a deal done. tracy: 80 c e ls, the you have more clout than an average voter to get this issue managed? >> it is the question of having a business be very unified and precise on what needs
FOX Business
Oct 11, 2012 4:00pm EDT
manufacturing part is to blame. >> motorola selling revamp the droid raise sir. they will be sold for 299. >>> you know telecom agency says there are about 6 billion cell phone subscribers in the world. that is one phone for 86 of everyone00 people. the report says china accounts for one billion subscriptions. >>> apple's iphone is gaining popularity among teenagers. 40% of u.s. teenagers own a iphone. that is up from 23% a year ago. that is today's speed read. liz? [buzzer] liz: i swear i'm the last holdout oo this iphone. ridiculous. a think tank that was created in part as a response to "occupy wall street" is promoting capitalism and says that capital system under siege and that it really shouldn't be. what does that mean? well we have one of the business leaders of this organization, a communications mogul on with us in a fox business exclusive. lady lynn forrester de rothschild is here. you're calling it the henley jackson initiative. welcome to the show. >> thank you. liz: last time you were here with me you were watching a weather online business. now this. why? you say capital sy
FOX Business
Oct 4, 2012 9:20am EDT
planned job cuts at motorola mobility unit will cost about $340 million in severance and other costs. and google at 760. the dow is up 36. mitt romney wins the debate on two key issues, jobs and taxes. the governor finally goes on the attack, defeating the president on all economic issues in my opinion. and the business world responds after the break. you [ male announcer ] at scottrade, we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's anothereason more investors are saying... [ all ] i'm with scottrade. 0t[h7's anothereason more investors are saying... that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company
Search Results 0 to 10 of about 11 (some duplicates have been removed)